According to Deep Tide TechFlow, the tokenization of risk assets surged from $5 billion in 2022 to over $24 billion in June 2025, a growth of 380%. This is the second fastest growing sector in the cryptocurrency field.
Asset tokenization transitions from experimental pilots to scaled institutional adoption from 2024 to 2025. By December 2024, the tokenized market size reaches $15.2 billion and continues to grow, exceeding $24 billion by June 2025, a year-on-year increase of 85%.
As of June 2025, private credit has become the largest area of RWA tokenization, with a scale of $14 billion, reflecting institutional demand for blockchain-native credit markets.